Italy Long Term Unemployment Rate  Forecast


Italy Long Term Unemployment Rate
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Long Term Unemployment Rate in Italy is expected to be 5.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Italy to stand at 6.47 in 12 months time. In the long-term, the Italy Long Term Unemployment Rate is projected to trend around 4.50 percent in 2020, according to our econometric models.


Italy Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 11.1 10.5 10.2 9.9 9.6 8
Employed Persons 23082 23400 23700 24000 22968 26100
Unemployed Persons 2879 2720 2700 2680 2840 2610
Part Time Employment 35826 37400 37600 37900 35560 43000
Full Time Employment 143176 143000 143500 144000 141079 149000
Employment Rate 58.1 57.9 57.9 58 57.94 59
Labor Force Participation Rate 65.41 65.9 66 66 65.16 66.5
Long Term Unemployment Rate 6.6 5.8 5.6 5.5 6.47 4.5
Youth Unemployment Rate 35.7 34.2 34 33.8 35.15 30
Labour Costs 107 108 109 110 106 117
Productivity 107 108 108 109 106 117
Wages 2168 2370 2207 2211 2215 2420
Wages in Manufacturing 112 113 113 113 112 120
Wage Growth 0.7 0.6 0.7 0.8 0.9 1.9
Population 60.59 60.59 60.54 60.54 60.54 60.02
Retirement Age Women 65.58 65.58 66 66.5 67 67
Retirement Age Men 66.58 66.58 66 66 66 67
Living Wage Family 1370 2190 1448 1443 1437 2380
Living Wage Individual 855 1050 887 884 881 1220
Wages Low Skilled 1130 1400 1296 1293 1290 1480
Wages High Skilled 2390 2420 2520 2499 2479 2560
Employment Change 0.4 0.4 0.4 0.3 0.24 0.6